I recently returned from overseas and stumbled upon rich dad poor dad which (like many) changed my way of thinking about money and was sold on real estate investing as the next logical step. I’m fortunate to have qual...
The borrower seems ready to pay off his loan. His escrow company has asked me to sign a Request for Reconveyance and a "Beneficiary's demand". I have not yet received the original loan amount back yet. Shouldn't I be ...
Hello, So, I'm looking to pick your brains for a bit. I'm about to purchase an investment property. I need to put down 60k for my down payment. I'm trying to decide what is the best strategy.Not sure which route to go...
Hello,
I found a multi unit property. I have about 20% down payment. I’m now being told it will likely be 25%. My credit score is 780+. What’s the best way to fund this deal? I’d like to use as little as my money as...
Hello BP Team! We were planning on purchasing our first rental in Feb of next year. Instead we are thinking about requesting the current owner open a HELOC on the home. They current have about ~275k in equity. We coul...
All,I am new here and new to commercial real estate investing. I do have a few single-family homes rented out. This will be my first apartment building investment. I could use some advice from experienced investors he...
Two months ago we closed on a multi family property. We purchased using our home equity line (HELOC) on our own house. The plan was to purchase with our HELOC and use credit cards for repairs. We applied with our loca...
Hello BP. I have a question.I just bought a condo, and I was planning to live there, but something came up, so I want to stay at my current residence and no longer go foward with living in my new condo. So my plan is ...
I usually live outside the USA all though I am born in the US, I was wondering if I could sign a limited power of attorney for my mother to be able to apply for home equity loans or mortgages on my behalf?
Hi! Is this possible and/or common? Thanks!